Beyond Meat, Inc. (NASDAQ:BYND) Stock Has Consensus Target Price of $23.50 According to Analysts

Beyond Meat, Inc. (NASDAQ:BYND) has earned an average recommendation of “Strong Sell” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $23.50.

A number of equities research analysts have recently weighed in on BYND shares. Wall Street Zen upgraded shares of Beyond Meat from a “strong sell” rating to a “sell” rating in a report on Sunday, September 13th. Barclays reiterated an “underweight” rating and set a $10.00 target price (up from $0.50) on shares of Beyond Meat in a research note on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Beyond Meat in a report on Friday, October 2nd.

Beyond Meat Stock Down 1.0%

NASDAQ BYND traded down $0.07 on Tuesday, hitting $7.24. 153,409 shares of the stock were exchanged, compared to its average volume of 1,494,396. Beyond Meat has a fifty-two week low of $7.18 and a fifty-two week high of $230.70. The company has a 50-day moving average price of $11.64 and a 200-day moving average price of $18.17. The company has a quick ratio of 2.07, a current ratio of 2.63 and a debt-to-equity ratio of 6.57. The company has a market cap of $124.40 million, a PE ratio of -0.13 and a beta of 2.85.

Institutional Trading of Beyond Meat

A number of institutional investors have recently bought and sold shares of BYND. BlackRock Inc. acquired a new position in shares of Beyond Meat during the 2nd quarter worth about $6,753,000. Squarepoint Ops LLC purchased a new position in shares of Beyond Meat in the 2nd quarter valued at about $1,550,000. Ieq Capital LLC purchased a new position in shares of Beyond Meat in the 2nd quarter valued at about $933,000. Hsbc Holdings PLC acquired a new stake in shares of Beyond Meat during the 2nd quarter worth about $511,000. Finally, Kaufman Rossin Wealth LLC acquired a new stake in shares of Beyond Meat during the 1st quarter worth about $100,000. 52.48% of the stock is owned by hedge funds and other institutional investors.

Beyond Meat Company Profile

Beyond Meat, Inc develops, manufactures and markets plant-based meat products designed to replicate the taste, texture and nutritional characteristics of animal-based meat. Its product portfolio has included plant-based burgers, ground meat, sausages, meatballs, chicken-style products and other alternatives made primarily from ingredients such as peas, soy, rice and other plant proteins.

The company sells its products through grocery and other retail outlets, restaurants, foodservice operators and online channels.